Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

OfficeMax/Office Depot Merging Today
Nov 5, 2013
 Printable format
 Email this Article
 Search

OfficeMax Inc. and Office Depot, Inc. are making their merger official today--November 5, 2013. The two office equipment retailers delayed financial reports until after the merger is complete.

Other questions remain regarding the merger. As of the morning of Nov. 5 it had not been announced what the name of the new company would be and who would be running it.

There was also no word regarding the location of the new company's headquarters. OfficeMax corporate headquarters are in Naperville, IL; Office Depot is in Boca Raton, FL.

The two companies announced their merger agreement in February of this year. On November 1 the two companies announced that they had received U.S. Federal Trade Commission clearance for the merger. At that time they also said the merger transaction would take place on November 5 after markets closed.

Office Depot Chairman and CEO Neil Austrian said the companies have been preparing for the merger for several months.

Combined, the two companies revenues of $17 billion in the 12 months that ended June 29, 2013.

Office Depot had sales of $10.7 billion in its fiscal year 2012. Its North American Retail Division has more than 1,100 stores in the United States and Canada

OfficeMax has 900 retail stores in the United States and had 2012 sales of $6.9 billion.

Back to Daily News

 

Daily News

...........................................................

Jul 31, 2014: LG Home Appliance, LG Air Conditioning See Lower Quarterly Sales

Jul 31, 2014: AHAM Canada New Chair is Doell of Samsung Electronics Canada

Jul 29, 2014: Jarden Reports Record Net Sales in 2Q

Jul 29, 2014: LG USA Names VanderWaal to Head Marketing

Jul 29, 2014: Smart Meters May Provide An Entrance Point for Cyber Attacks on the Connected Home

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows